Dialysis Market Will Generate New Growth Opportunities in the next upcoming year
Pune, Maharashtra, India, February 25 2021 (Wiredrelease) Allied Analytics –:Dialysis Market Outlook 2021 – 2027:
Increase in government funding for dialysis, rise in incidence of hypertension & diabetes, surge in the number of ESRD patients, and dearth of kidney donors drive the growth of the market. However, product recalls and health risks & complications associated with dialysis hamper the growth of the market. On the other hand, technological advancements and growing inclination toward home peritoneal dialysis treatment would create new pathways to the market players in future.
The report provides comprehensive analyses of the top winning strategies, industry dynamics, market size & estimations, key market segments, and competitive landscape. According to the report, the global dialysis market is expected to reach $118.51 billion by 2027 from $91 billion in 2017, registering a CAGR of 4.4% from 2018 to 2027.
The benefits of using peritoneal dialysis over hemodialysis is expected to attract patients with chronic renal diseases and fuel the innovations and market growth of peritoneal dialysis.
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Leading market players
The key market players analyzed in the study are Fresenius Medical Care AG & Co. KGaA, DaVita Inc., Baxter International, Inc., B. Braun Avitum AG, Nipro Corporation, Nikkiso Co. Ltd., Diaverum Deutschland GmbH., Asahi Kasei Corporation, NxStage Medical, Inc., and Medicators, Inc. These players have implemented various strategies such as partnerships, mergers & acquisitions, expansions, collaborations, joint ventures, and others to gain a stronghold in the market.
The hemodialysis segment is the largest contributor toward the market growth. The peritoneal dialysis segment is anticipated to be a lucrative market due to the growth in demand for dialysis services for the treatment of neonates and children.
The services segment was the highest contributor toward the market growth in 2016, and is expected to maintain its dominance during the forecast period. This is attributable to the increase in the number of treatment centers and advancement of home-based services.
Services segment to maintain dominance through 2023
Services segment contributed more than two-thirds of the total market revenue in 2017 and is expected to retain its lead through 2023. This is due to rise in the number of treatment centers and improvement in home-based services. The consumables segment is expected to register the highest CAGR of 5.9% from 2018 to 2023, owing to increase in usage of all dialysis procedures as consumables are disposable in nature due to high risk of contamination.
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North America to maintain its dominance by 2023
North America accounted for nearly three-fifths of the total market revenue in 2017 and is expected to maintain its lead throughout 2023, owing to the high prevalence of hypertension & diabetes, increase in disposable income, and high adoption rate of technologically advanced products in the region. However, Asia-Pacific would witness the highest CAGR of 7.9% from 2018 to 2023, owing to surge in incidence of kidney disorders, increase in healthcare expenditure, and low rate of organ transplantation.
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